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CoStar Group (CSGP) stock

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NASDAQ: CSGP Nasdaq Real Estate Services Next results ~January 26, 2027

B Fundamentals grade

CoStar Group supplies property data, analytics and online marketplace tools to the real estate sector and related business communities. Its brands include CoStar, covering commercial property information and analytics; LoopNet, a marketplace for commercial property listings; Matterport, which offers 3D capture technology, equipment and associated services; and Visual Lease, lease-management software. In residential property, the group owns Domain and OnTheMarket, portals for agents and property advertising.

Commercial customers include property professionals, brokers and corporate occupiers, who pay through subscriptions to CoStar, fees for paid listings on LoopNet, purchases of Matterport capture equipment and services, and licences for Visual Lease. Residential customers are estate agents, who pay for packages to advertise properties and listings on Domain and OnTheMarket; the group separately earns income from commercial property auctions.

The business is run through two segments, Commercial Real Estate and Residential Real Estate, which do not transact with each other. It operates mainly across North America, Asia-Pacific, Europe and Latin America. The company states it has spent more than 35 years building its database of commercial real estate information, expanding its markets and services partly through acquisitions of related businesses.

Based on CoStar Group's 10-K filed February 26, 2026.

Stock price today

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Third-party market data · may be delayed

Model estimate per share

~$14

Valuation models combined (2)

Base case. Range ~$7.6–$20. Weighted average of 2 models (forward price-to-earnings vs peers, residual income).

Price vs value

No Buy/Hold/Sell rating is issued: valued with our growth model, which doesn't carry a Buy/Hold/Sell rating yet.

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

Value diary

Our note on each quarter CoStar Group files

10-Q filed October 28: CoStar

Revenue for the twelve months to September 2026 was $3.67bn, up 20.2% on a year earlier, slower than the 22.0% growth a quarter earlier. Our model value is little changed at $12.31 a share, against a share price of $28.79.

Source: 10-Q filed October 28, 2026 on SEC EDGAR · Financials · Valuation

Earlier notes (2)

10-Q filed July 29: CoStar

CoStar Group posted revenue of $3.67bn for the twelve months to June 2026, up 20.2% year-on-year. That marks a deceleration from the 22.0% growth seen a quarter earlier. Our model value has moved higher as a result, rising from $10.99 to $12.42 a share, though this remains well below the current share price of $32.01.

10-Q on SEC EDGAR

Where CoStar stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $3.56bn, up 22.0% on a year earlier, faster than 21.3% a quarter earlier. Our residual income value is $7.88 a share, against a share price of $32.82.

10-Q on SEC EDGAR

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~January 26, 2027 (estimated)

CoStar Group's trailing-twelve-month revenue grew 20.2% year on year, with a free-cash-flow margin of 11.5%. Where it stands out: net margin of 4.9% ranks 2 of 21 real estate services companies we cover. Where it lags: stock pay as % of revenue of 4.2% ranks 17 of 21 real estate services companies we cover.

Current signal Operating margin expanding: TTM operating margin reached 5.8%, up 8.4pp year over year.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Strengths

  • Fast growth. Revenue grew 20.2% over the last 12 months, against a median of 8.1% for real estate services companies we cover.
  • Margins widening. Operating margin is up 8.4 points on a year ago.
  • Beating expectations. Earnings per share beat the analysts' consensus estimate in each of the last four quarters.

Things to watch

  • High earnings multiple. The shares trade at 73 times the last 12 months' earnings, so expectations are demanding.
  • Volatile shares. Over the past year the shares showed annualised volatility of 49% and a beta of -0.0 against the S&P 500.
  • Below peers: stock pay as % of revenue. Stock pay as % of revenue of 4.2% ranks 17 of 21 real estate services companies we cover (median 1.0%).

Latest results: FY2026 Q3

Filed October 28, 2026
Earnings per share
$0.38 against an average estimate of $0.34: beat by 12.0%
Revenue
$952m, up 14.1% on a year earlier
Share reaction
-18.3% in the first session after the results on October 27, 2026, against +0.9% for the S&P 500
Next report
October 27, 2026; average EPS estimate $0.48

CoStar Group's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+5.5%
  • 1 week-5.6%
  • 1 month+16.2%
  • This year-52.7%
  • 1 year-53.8%
  • 5 years-62.3%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$3.7B
Operating margin
5.8%
Net margin
4.9%
EPS (TTM, diluted)
$0.43

Growth

Revenue growth
+20.2%
Change in growth rate
−1.8 pts
Share count change
−0.9%

Earnings

Last results
October 27, 2026
Next results (est.)
January 26, 2027

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results
  2. Announcement
  3. Insider trade
  4. Results
  5. Leadership

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: valued with our growth model, which doesn't carry a Buy/Hold/Sell rating yet.

Valuation models

We value CoStar Group as an operating company, with every model that fits that kind of business. Cost of equity 8.8%: the 10-year Treasury yield (4.9%) plus a beta of 0.85 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Growth cash-flow model Revenue for this year and next from analysts' consensus, then growth fading to 2.5%; the operating margin moving to profitable peers'; investment needed per dollar of growth from peers; reduced by a failure probability. For young or fast-growing companies. The starting margin is normalized to between -100% and 60%; net margin is a proxy when operating income is not tagged. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$3.2 ~$2.0–$3.8 Left out: out of range vs price (0.10x)
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$20 ~$19–$25 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$7.6 ~$4.6–$13 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$0.7 ~$0.6–$0.9 Left out: out of range vs price (0.02x)
Forward price-to-sales vs peers Next year's consensus sales per share times peers' typical forward price-to-sales; only when earnings are negative. Uses analysts' consensus estimates (third-party data), not our forecasts. — Does not apply: earnings are positive: price-to-earnings is the better measure
Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. — Does not apply: revenue and margins don't support a positive value
Combined value Weighted average of the models that apply: the primary model (growth cash-flow model) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$14 ~$7.6–$20 2 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare CoStar Group with Real Estate Services in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Moat

60 /100

Moderate moat

How hard CoStar Group's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 10 / 20

    Cash operating profit has been a median 8.4% of total assets over 10 years.

  • Pricing power 20 / 20

    Gross margin has been a median 79.3%, moving by 1.5 percentage points (standard deviation) across 10 years.

  • Durability 5 / 20

    Operating margin has been a median 18.4%; its worst year was -2.6%.

  • Cash conversion 19 / 20

    Free cash flow was positive in 9 of 10 years, at a median 19.5% of revenue.

  • Discipline 11 / 20

    The diluted share count rose 12.7% over five years; stock-based pay has been a median 3.6% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (64 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

CoStar Group: consensus estimates
Fiscal yearEPSGrowthRevenueGrowth
Current $1.36 +57% $3.8bn +16%
Next $1.78 +31% $4.2bn +12%

Next year's EPS estimate has moved +3.2% in 90 days, across 6 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +0.3% on 90 days ago. In the last 30 days, 0 analysts raised CoStar Group's forecast and 1 cut it.

Consensus EPS forecast CoStar Group, last 90 days
$1.20 $1.40 $1.60 $1.80 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $1.36 Current fiscal year, 60 days ago: $1.36 Current fiscal year, 30 days ago: $1.36 Current fiscal year, 7 days ago: $1.36 Current fiscal year, Now: $1.36 $1.36 Next fiscal year, 90 days ago: $1.72 Next fiscal year, 60 days ago: $1.78 Next fiscal year, 30 days ago: $1.77 Next fiscal year, 7 days ago: $1.77 Next fiscal year, Now: $1.78 $1.78

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $1.36$1.72
60 days ago $1.36$1.78
30 days ago $1.36$1.77
7 days ago $1.36$1.77
Now $1.36$1.78

Earnings against estimates

CoStar Group: reported EPS against the consensus estimate
Quarter toEstimateActualSurprise
Sept 2026 $0.34 $0.38 +12.0%
Jun 2026 $0.29 $0.32 +11.9%
Mar 2026 $0.18 $0.23 +24.8%
Dec 2025 $0.27 $0.31 +13.8%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, October 27, 2026

No numeric guidance in CoStar Group's latest earnings release (filed October 27, 2026). Some companies give their outlook only on the earnings call.

How earlier guidance turned out

  • revenue, the third quarter of 2026 guided $935m to $945m Above range: $952m

Analyst recommendations

21 analysts, Oct 2026
Buy1257%
Hold838%
Sell15%

Monthly trend

  1. Oct 202648821
  2. Sep 202639821
  3. Aug 202648821
  4. Jul 202639821

Counts of recommendations published by analysts covering CoStar Group, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
3.3%
of tradable shares
Days to cover
1.78
at average volume
Short interest, 1 month
−30%
to September 30, 2026
Held by institutions
—
of shares
Held by insiders
0.8%
of shares
Employees
8,441
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months −53.8%

$68.81 on October 31, 2025 to $31.82

CoStar Group: share-price change split into its parts
PartThenNowEffect
Revenue (last 12 months) $2.9bn $3.6bn +22.0%
Net margin 3.6% 2.1% −41.7%
P/E multiple n/m 179.1x −34.4%
Share count 413m 417m −0.9%

Biggest factor: net margin.

Last 3 years −58.9%

$77.38 on November 3, 2023 to $31.82

CoStar Group: share-price change split into its parts
PartThenNowEffect
Revenue (last 12 months) $2.3bn $3.6bn +53.2%
Net margin 16.6% 2.1% −87.4%
P/E multiple 81.3x 179.1x +120.3%
Share count 404m 417m −3.1%

Biggest factor: net margin.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

CoStar Group: yearly return, monthly win rate and worst fall against the S&P 500
Calendar year 202120222023202420252026 to date
Return
CSGP−15%−2%+13%−18%−6%−53%
Industry peers (median)+47%−53%+31%+11%−8%−31%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
CSGP33%33%50%33%33%36%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
CSGP−25%−33%−23%−29%−34%−60%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 73% from October 26, 2021 to September 29, 2026. Getting back needed a 270% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$26.95 – $70.44
From 52-week high
−54.8%
vs 50-day average
+5.0%
vs 200-day average
−12.9%
Volatility (1 year)
49%
Beta vs S&P 500
-0.01

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
6 up, 6 down
typical move ±7.0%
After a week
6 up, 5 down
typical move ±6.0%
After a month
6 up, 5 down
typical move ±8.2%
CoStar Group: share-price change after each results release
Results releasedNext dayS&P 500 next day5 days21 days
October 27, 2026 −18.3% +0.9% — —
July 28, 2026 +2.3% −1.3% +2.2% +10.2%
April 28, 2026 −5.8% −0.5% −3.7% −10.9%
February 24, 2026 −6.5% +1.6% −2.3% −13.5%
October 28, 2025 −9.7% +0.3% −10.7% −13.2%
July 22, 2025 +7.0% +0.9% +12.4% +3.8%
April 29, 2025 −9.3% +0.7% −8.7% −9.4%
February 18, 2025 +7.0% +0.5% +4.8% +7.2%
October 22, 2024 −5.9% −1.0% −5.3% −1.4%
July 23, 2024 +1.1% −2.4% +3.9% +0.1%
April 23, 2024 +7.8% +1.1% +7.3% +2.2%
February 20, 2024 +3.2% −0.5% +4.3% +18.3%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

CoStar Group in five measures

Fundamentals grade B
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) CoStar Group
$2B $2.5B $3B $3.5B $4B FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue (TTM), FY23 Q4: $2.5B Revenue (TTM), FY24 Q1: $2.5B Revenue (TTM), FY24 Q2: $2.6B Revenue (TTM), FY24 Q3: $2.7B Revenue (TTM), FY24 Q4: $2.7B Revenue (TTM), FY25 Q1: $2.8B Revenue (TTM), FY25 Q2: $2.9B Revenue (TTM), FY25 Q3: $3.1B Revenue (TTM), FY25 Q4: $3.2B Revenue (TTM), FY26 Q1: $3.4B Revenue (TTM), FY26 Q2: $3.6B Revenue (TTM), FY26 Q3: $3.7B $3.7B

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY23 Q4 $2.5B
FY24 Q1 $2.5B
FY24 Q2 $2.6B
FY24 Q3 $2.7B
FY24 Q4 $2.7B
FY25 Q1 $2.8B
FY25 Q2 $2.9B
FY25 Q3 $3.1B
FY25 Q4 $3.2B
FY26 Q1 $3.4B
FY26 Q2 $3.6B
FY26 Q3 $3.7B
Revenue growth, TTM YoY CoStar Group
10% 15% 20% 25% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue growth, TTM YoY, FY23 Q4: 12.5% Revenue growth, TTM YoY, FY24 Q1: 12.3% Revenue growth, TTM YoY, FY24 Q2: 12.0% Revenue growth, TTM YoY, FY24 Q3: 11.7% Revenue growth, TTM YoY, FY24 Q4: 11.4% Revenue growth, TTM YoY, FY25 Q1: 11.3% Revenue growth, TTM YoY, FY25 Q2: 12.2% Revenue growth, TTM YoY, FY25 Q3: 14.6% Revenue growth, TTM YoY, FY25 Q4: 18.7% Revenue growth, TTM YoY, FY26 Q1: 21.4% Revenue growth, TTM YoY, FY26 Q2: 22.0% Revenue growth, TTM YoY, FY26 Q3: 20.2% 20.2%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q4 12.5%
FY24 Q1 12.3%
FY24 Q2 12.0%
FY24 Q3 11.7%
FY24 Q4 11.4%
FY25 Q1 11.3%
FY25 Q2 12.2%
FY25 Q3 14.6%
FY25 Q4 18.7%
FY26 Q1 21.4%
FY26 Q2 22.0%
FY26 Q3 20.2%
Operating margin (TTM) CoStar Group
-5% 0% 5% 10% 15% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Operating margin (TTM), FY23 Q4: 11.5% Operating margin (TTM), FY24 Q1: 6.6% Operating margin (TTM), FY24 Q2: 2.8% Operating margin (TTM), FY24 Q3: 1.3% Operating margin (TTM), FY24 Q4: 0.2% Operating margin (TTM), FY25 Q1: 0.2% Operating margin (TTM), FY25 Q2: -0.2% Operating margin (TTM), FY25 Q3: -2.6% Operating margin (TTM), FY25 Q4: -2.2% Operating margin (TTM), FY26 Q1: -0.8% Operating margin (TTM), FY26 Q2: 2.2% Operating margin (TTM), FY26 Q3: 5.8% 5.8%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q4 11.5%
FY24 Q1 6.6%
FY24 Q2 2.8%
FY24 Q3 1.3%
FY24 Q4 0.2%
FY25 Q1 0.2%
FY25 Q2 -0.2%
FY25 Q3 -2.6%
FY25 Q4 -2.2%
FY26 Q1 -0.8%
FY26 Q2 2.2%
FY26 Q3 5.8%
FCF margin (TTM) CoStar Group
-10% 0% 10% 20% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 FCF margin (TTM), FY23 Q4: 15.2% FCF margin (TTM), FY24 Q1: 1.1% FCF margin (TTM), FY24 Q2: -5.1% FCF margin (TTM), FY24 Q3: -4.5% FCF margin (TTM), FY24 Q4: -6.8% FCF margin (TTM), FY25 Q1: 1.8% FCF margin (TTM), FY25 Q2: 3.2% FCF margin (TTM), FY25 Q3: 1.6% FCF margin (TTM), FY25 Q4: 3.8% FCF margin (TTM), FY26 Q1: 6.8% FCF margin (TTM), FY26 Q2: 7.9% FCF margin (TTM), FY26 Q3: 11.5% 11.5%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q4 15.2%
FY24 Q1 1.1%
FY24 Q2 -5.1%
FY24 Q3 -4.5%
FY24 Q4 -6.8%
FY25 Q1 1.8%
FY25 Q2 3.2%
FY25 Q3 1.6%
FY25 Q4 3.8%
FY26 Q1 6.8%
FY26 Q2 7.9%
FY26 Q3 11.5%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

CoStar Group: annual financial statements
Fiscal year 2009 Dec 2009 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Sept 2026
Income
Revenue 210 226 252 350 441 576 712 838 965 1,192 1,400 1,659 1,944 2,182 2,455 2,736 3,247 3,674
Gross profit 136 143 164 235 312 419 523 664 745 922 1,110 1,350 1,587 1,768 1,964 2,178 2,561 2,877
EBITDA 23 33 31 38 67 151 90 215 237 351 445 406 572 589 390 152 191 558
Operating income 32 23 22 27 54 81 11 145 174 274 364 289 432 451 282 5 −72 212
Net income 19 13 15 10 30 45 −3 85 123 238 315 227 293 370 375 139 7 179
Diluted EPS $0.09 $0.06 $0.06 $0.04 $0.10 $0.15 −$0.01 $0.26 $0.37 $0.65 $0.86 $0.59 $0.74 $0.93 $0.92 $0.34 $0.02 $0.43
Growth (year on year)
Revenue — +7.9% +11.3% +39.0% +26.0% +30.6% +23.6% +17.7% +15.2% +23.5% +17.4% +18.5% +17.2% +12.3% +12.5% +11.4% +18.7% +20.2%
EBITDA — +42.2% −4.9% +22.3% +76.9% +125.3% −40.5% +139.0% +10.4% +47.9% +26.6% −8.7% +40.8% +3.0% −33.8% −61.0% +25.7% +296.6%
Operating income — −28.5% −4.4% +26.0% +97.4% +49.3% −85.8% — +20.0% +57.4% +32.9% −20.4% +49.5% +4.3% −37.5% −98.2% — —
Net income — −28.9% +10.3% −32.3% +199.9% +50.9% −107.7% — +44.2% +94.2% +32.2% −27.9% +28.8% +26.3% +1.5% −62.9% −95.0% —
Diluted EPS — −31.9% −3.1% −40.3% +183.8% +39.0% −107.5% — +39.7% +78.7% +31.5% −31.4% +25.4% +25.7% −1.1% −63.0% −94.1% —
Margins
Gross margin 64.8% 63.1% 65.0% 67.2% 70.7% 72.7% 73.5% 79.2% 77.2% 77.4% 79.3% 81.4% 81.6% 81.0% 80.0% 79.6% 78.9% 78.3%
EBITDA margin 11.0% 14.4% 12.3% 10.8% 15.2% 26.3% 12.6% 25.7% 24.6% 29.5% 31.8% 24.5% 29.4% 27.0% 15.9% 5.6% 5.9% 15.2%
Operating margin 15.2% 10.1% 8.6% 7.8% 12.3% 14.0% 1.6% 17.3% 18.0% 23.0% 26.0% 17.4% 22.2% 20.7% 11.5% 0.2% −2.2% 5.8%
Net margin 8.9% 5.9% 5.8% 2.8% 6.7% 7.8% −0.5% 10.2% 12.7% 20.0% 22.5% 13.7% 15.1% 16.9% 15.3% 5.1% 0.2% 4.9%
Free-cash-flow margin 13.8% −8.0% 5.1% 20.4% 20.2% 20.2% 14.7% 21.7% 21.8% 25.7% 32.7% 29.3% 17.8% 20.3% 15.2% −6.8% 3.8% 11.5%
Cash flow
Cash from operations 38 39 28 86 108 144 140 201 235 335 458 486 470 479 490 393 430 617
Capital spending 9 57 15 15 19 27 35 19 24 30 0 0 124 35 118 579 307 195
Free cash flow 29 −18 13 71 89 116 105 182 210 306 458 486 346 444 372 −186 123 422
Stock-based pay 6 8 8 12 42 28 35 36 39 41 52 53 64 75 85 89 194 153
Free cash flow after stock pay 23 −26 5 59 48 88 70 146 171 265 406 433 282 368 287 −275 −71 269
Balance sheet
Cash 206 206 545 156 256 527 422 567 1,211 1,100 1,071 3,694 3,800 5,000 5,200 4,681 1,633 500
Total debt 0 0 0 171 153 385 365 345 0 4 134 1,000 1,000 1,000 1,000 1,000 993 1,000
Net debt (negative = net cash) −206 −206 −545 15 −103 −142 −57 −222 −1,211 −1,096 −937 −2,694 −2,800 −4,000 −4,200 −3,681 −640 500
Diluted shares 199m 207m 235m 269m 282m 306m 320m 324m 336m 364m 366m 383m 394m 398m 407m 408m 421m 412m
Returned to shareholders
Buybacks — — — — — — — — — — — — — — 0 0 500 1,053
Total returned — — — — — — — — — — — — — — 0 0 500 1,053

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Dividends, buybacks and capital spending

FY2026 Q3 TTM
Buybacks (TTM)
$1.1B
Returned to shareholders
250%
of free cash flow
Buybacks, last 3 fiscal years
$500M
Diluted share count
−0.9%
year over year
Total shareholder yield
8.2%
dividends 0.0% + buybacks 8.2% of market value
R&D spending
11.9%
of revenue
Days sales outstanding
28 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in real estate services
Growth, margins and cash generation against peers
Last 12 months unless stated CSGP NMRK OPEN Z AGNT FSV Median
Revenue, last 12 months $3.7bn $3.6bn $3.3bn $2.8bn $5.0bn $5.5bn $2.2bn
Revenue growth, last 12 months 20.2% 20.8% −37.2% 17.7% 8.1% 5.4% 6.7%
Revenue growth, 3-year average 15.4% 14.9% −34.0% 14.1% 5.4% 74.3% 13.0%
Revenue growth, latest quarter 14.1% 17.0% −43.7% 17.9% 10.7% — 12.7%
Gross margin 78.3% — 8.6% 72.9% 8.1% — 18.5%
Operating margin 5.8% 7.7% −16.0% 0.4% −0.3% 6.1% 0.8%
Operating margin, 3-year average 1.5% 6.1% −9.4% −5.6% −0.4% 6.2% −2.7%
Net margin 4.9% 4.1% −46.7% 2.0% −0.3% 2.6% 1.8%
Cash from operations / revenue 16.8% 23.5% −14.1% 13.8% 2.1% 8.1% 1.8%
Free-cash-flow margin 11.5% 22.1% −14.6% 9.2% 1.9% 5.8% 1.5%
Free-cash-flow margin, 3-year average 2.9% 7.9% −11.6% 10.3% 2.9% 4.6% 2.9%
Stock pay / revenue 4.2% 0.0% 11.4% 12.9% 0.3% 0.5% 0.9%
Change in share count −0.9% — 23.1% 0.0% 4.9% 1.0% 1.6%

Median of all 22 companies we cover in real estate services. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

22 real estate services companies
Measures ranked against peers
Measure Company Peer median Rank
Revenue growth Growth 20.2% 8.1% 4 of 22
Change in growth rate Growth -1.8pp -0.2pp 13 of 22
Operating margin Profitability 5.8% 1.2% 6 of 22
Net margin Profitability 4.9% 1.8% 2 of 21
Stock pay as % of revenue Cash generation 4.2% 1.0% 17 of 21
Long-term debt as % of assets Balance sheet 9.7% 18.2% 6 of 14
Change in share count Balance sheet -0.9% 1.8% 5 of 20

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Segments
Line of business Revenue Share YoY
Commercial Real Estate $1.8B 55.0% ▲ 18.0%
Residential Real Estate $1.5B 45.0% ▲ 19.6%

From CoStar Group's 10-K filed February 26, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Reported value
$11.6B
Institutions reporting
750
Shares held vs prior quarter
▼ 0.2%
Positions opened / closed
105 / 140

Top buyers and sellers, Q2 2026: 406 institutions bought and 399 sold ; the biggest buyer was AQR Capital Management LLC (+7.2M shares) and the biggest seller Principal Financial Group Inc (−13.9M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Vanguard Portfolio Management LLC $1.1B 37.9M 9.2% ▼ 0.8%
Blackrock, Inc. $958M 33.8M 8.2% 0.0%
Vanguard Capital Management LLC $756M 26.7M 6.5% ▼ 2.7%
BAMCO Inc $612M 21.6M 5.3% ▲ 32.6%
State Street Corp $521M 18.4M 4.5% ▼ 1.3%
Capital International Investors $471M 16.6M 4.1% ▲ 7.3%
Baillie Gifford & Co $373M 13.2M 3.2% ▼ 3.4%
Geode Capital Management, LLC $343M 12.2M 3.0% ▼ 2.3%
Akre Capital Management LLC $331M 11.7M 2.8% ▲ 13.1%
Polen Capital Management LLC $248M 8.8M 2.1% ▼ 30.3%
AQR Capital Management LLC $239M 8.4M 2.1% ▲ 568.8%
Jupiter Topco LLC $222M 7.8M 1.9% —

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not CoStar Group's complete shareholder register. Values are as reported by the filers ; 1 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Recent insider open-market transactions
Insider Date Trade Shares Price Value
Cann Cynthia Cammett Chief Accounting Officer August 7, 2026 Sell 4,788 $30.78 $147,375
Hill John W Director August 5, 2026 Sell 3,500 $30.21 $105,735
Florance Andrew C Founder and CEO August 4, 2026 Buy 83,300 $29.89 $2.5M
Florance Andrew C President and CEO May 1, 2026 Buy 3,100 $35.82 $111,042
Florance Andrew C President and CEO May 1, 2026 Buy 68,330 $35.17 $2.4M
Sams Louise S Director March 6, 2026 Buy 1,000 $48.36 $48,360
Saint Frederick G. President, Marketplaces March 2, 2026 Buy 20,000 $45.33 $906,600
Glaser Rachel C Director March 2, 2026 Buy 1,000 $44.94 $44,940
Florance Andrew C President and CEO February 27, 2026 Buy 55,720 $44.52 $2.5M
Cann Cynthia Cammett Chief Accounting Officer November 13, 2025 Sell 1,841 $68.79 $126,642
Hill John W Director November 13, 2025 Sell 2,250 $68.68 $154,530

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 47 trades and filings

In the last 12 months, 1 member of Congress disclosed 4 purchases and 1 sale of CoStar Group shares.

  • Gilbert Ray Cisneros, Jr.(D-CA 31):Purchase, $1,001 - $15,000, traded August 19, 2026, filed September 10, 2026
  • Gilbert Ray Cisneros, Jr.(D-CA 31):Sale (partial), $1,001 - $15,000, traded April 14, 2026, filed May 8, 2026
  • Gilbert Ray Cisneros, Jr.(D-CA 31):Purchase, $1,001 - $15,000, traded March 13, 2026, filed April 7, 2026

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around January 26, 2027 estimated from the company's past filing pattern, not announced

  • October 27, 2026
  • July 28, 2026
  • April 28, 2026
  • February 24, 2026
  • October 28, 2025
  • July 22, 2025

Recent SEC filings

Data status

When each part of this page on CoStar Group was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

CoStar Group in brief

What does CoStar Group do?
CoStar Group is a US-listed company in the real estate services industry. Its financial year ends in December.
What is CoStar Group's stock ticker?
CoStar Group trades under the ticker CSGP on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is CoStar Group's revenue, and how fast is it growing?
Over its most recent trailing twelve months, CoStar Group reported revenue of $3.7B, 20.2% higher than a year earlier, according to its SEC filings.
What is CoStar Group's free cash flow?
CoStar Group's free-cash-flow margin is 11.5% of revenue over the trailing twelve months.
Who are CoStar Group's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Vanguard Portfolio Management LLC, Blackrock, Inc. and Vanguard Capital Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is CoStar Group buying back stock, and does it pay a dividend?
CoStar Group spent $1.1B on share repurchases over the trailing twelve months, and its diluted share count fell 0.9% over the year.
What is CoStar Group's market cap?
On November 2, 2026, CoStar Group's market capitalisation was about $13.1B, with a price-to-earnings ratio of 73.3 and net debt of $500M. Market figures come from third-party market data and may be delayed.
Who are CoStar Group's competitors?
In our Real Estate Services peer group, the companies closest to CoStar Group are Newmark Group, Inc., Opendoor Technologies Inc., Zillow Group, Inc., Agnt, Inc. and Firstservice Corp. The side-by-side comparison below sets their revenue, margins and growth against CoStar Group's.
Are insiders buying or selling CoStar Group stock?
Over the last 12 months, CoStar Group's directors and officers reported 7 open-market purchases and 4 sales on Form 4. The insider trading page charts every trade.
When is CoStar Group's next earnings date?
Around January 26, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — CoStar Group announces its own schedule.